RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SMMF
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Red day on Tuesday for Summit Financial Group
(Updated on Apr 30, 2024)

Sell candidate since Apr 29, 2024 Loss -1.96% PDF

The Summit Financial Group stock price fell by -1.96% on the last day (Tuesday, 30th Apr 2024) from $27.00 to $26.47. During the last trading day the stock fluctuated 2.53% from a day low at $26.41 to a day high of $27.08. The price has been going up and down for this period, and there has been a 5.08% gain for the last 2 weeks. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately $518.07 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.89% during the next 3 months and, with a 90% probability hold a price between $23.39 and $26.28 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SMMF Signals & Forecast

The Summit Financial Group stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $27.24. On a fall, the stock will find some support from the long-term average at approximately $26.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -4.51%. Further fall is indicated until a new bottom pivot has been found. Summit Financial Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Summit Financial Group stock

Summit Financial Group finds support from accumulated volume at $25.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.669 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.15%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SMMF) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Summit Financial Group to open at $26.65, and during the day (based on 14 day Average True Range), to move between $25.81 and $27.13, which gives a possible trading interval of +/-$0.662 (+/-2.50%) up or down from last closing price. If Summit Financial Group takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.93 (2.04%) than the resistance at $27.16 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Summit Financial Group stock A Buy?

Summit Financial Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.530 Sell Candidate Unchanged

Predicted Opening Price for Summit Financial Group of Wednesday, May 1, 2024

Fair opening price May 1, 2024 Current price
$26.65 ( 0.692%) $26.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SMMF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 27.32 3.22 %
R2 27.07 2.25 %
R1 26.91 1.66 %
Current price: 26.47
Support S1 26.40 -0.274 %
S2 26.24 -0.87 %
S3 25.98 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.47 7.56 %
R2 27.20 2.76 %
R1 27.16 2.61 %
Current price 26.47
Support S1 25.93 -2.04%
S2 25.58 -3.36%
S3 25.37 -4.16%

SMMF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 14, 2024 Mar 29, 2024 $0.220 0.81%
2 Nov 23, 2023 Dec 14, 2023 Dec 29, 2023 $0.220 0.717%
3 Aug 25, 2023 Sep 14, 2023 Sep 29, 2023 $0.220 0.98%
4 May 25, 2023 Jun 14, 2023 Jun 30, 2023 $0.200 0.97%
5 Feb 23, 2023 Mar 14, 2023 Mar 31, 2023 $0.200 0.96%

FAQ

What is the symbol for Summit Financial Group Stock and on which exchange is it traded?
The symbol for Summit Financial Group is SMMF and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Summit Financial Group Stock?
Summit Financial Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Summit Financial Group Stock?
Summit Financial Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Summit Financial Group Stock.

What's the current price of Summit Financial Group Stock?
As of the end of day on the Apr 30, 2024, the price of an Summit Financial Group (SMMF) share was $26.47.

What is the 52-week high and low for Summit Financial Group Stock?
The 52-week high for Summit Financial Group Stock is $31.49 and the 52-week low is $17.06.

What is the market capitalization of Summit Financial Group Stock?
As of the Apr 30, 2024, the market capitalization of Summit Financial Group is 396.46M.

When is the next earnings date for Summit Financial Group?
The upcoming earnings date for Summit Financial Group is Jul 25, 2024.
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About Summit Financial Group

Summit Financial Group Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. The company's community banking services include demand, sa... SMMF Profile

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